Chase Home Lending, for instance, rolled out a limited-time purchase rate sale in August and is now offering discounted pricing on rate-and-term and cash-out refinances through Sept. 21. The bank has also introduced a home equity line of credit (HELOC). It's difficult to predict where rates will go exactly as they don't always move in predictable ways. While we are seeing positive indicators of lowering rates, there is always the possibility for rates to go up again, said Erik Schmitt, consumer direct executive for Chase Home Lending.
